Tan90 Raises Rs11.3cr From Ashva Capital, Capital A, Others
The main purpose of this round is to expand overseas with a particular focus on Southeast Asia. Tan90 is also planning to enter Tier-2 cities in India
A cooling solutions company Tan90 has raised a Rs. 11.32 crore pre-Series A investment round co-led by Blue Ashva Capital and Capital A, with participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India.
The main purpose of this round is to expand overseas with a particular focus on Southeast Asia. Tan90 is also planning to enter Tier-2 cities in India to cash in on the growing demand for ‘cold chain solutions’ in the interior parts of the country. Tier-2 cities still rely on rudimentary solutions like ice and dry ice, which the company is aiming to replace with energy efficient and cost-effective passive coolants like Phase Change Materials (PCMs). PCM panels or sachets can store thermal energy and, just like electrical batteries, provide passive support where grid power is expensive or unavailable.
